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of course. so trying to -- china is a much interest in canadian energy and natural resources. we are very much interested in building trust, strategic trust and cooperation with china. and from enable perspective, of course, i'll give you one sort of anecdote. you were referring to this the islands, two months ago i attended the western pacific naval symposium hosted -- and have the opportunity to sit between the deputy commander of the people's liberation army navy, and the commander of the ambassadors japanese maritime self-defense force, a euphemism for the japanese navy. it was at a time when the island was leading on cnn and bbc. i thought as i was sitting between two them there's an opportunity for a canadian to do something extraordinary from an naval diplomatic perspective and put this thing to bed. [laughter] >> how did that go? >> not too well, not too well. [laughter] which is my point. i spoke with the chinese admirals interpreter. i spoke with admiral commander in english, a great conversation. but never was the bridge build or even considered. and i think one of the key issu
. >> very nice. >> all right. aside from that, we'll take a look at upbeat economic news out of china. the purchasing managers index rising to 50.9 in december. highest level since august. the surge also helped speculation the chinese government will take additional steps to support its economy. of the 15 times china's up 3%, since '09, s&p that day is up 13 times. almost every time. despite the futures today, is it a good omen for the markets here? >> look, there was a dichotomy in that government. there were people who were concerned about inflation. and there were people who said, listen, we're not growing fast enough. they do have a lot of levers. if they want to grow, i still -- i've been a bull on china. if they want to do 9%, 10%, they have the ability to do it. all they have to do is have a gigantic sewer infrastructure program. >> that's true. there's going to be an economic war conference held soon. it's believed the government will start to release growth forecast at that conference and perhaps unveil some further stimulus measures or tip their hat in terms of whether they
, as of right now china owns $1.15 trillion of our debt. then, number two on the list, is japan with $1.13 trillion of our debt. now, this is interesting. out of this debt number three on the list is opec. opec is an entity. that's the countries of ecuador and venezuela and india and bahrain and iran and iraq and kuwait and amman and qatar and saudi arabia and the u.a.e., algeria, ga been a, -- gabon, nigeria. they're now number three on the list and they own $267 billion of our debt. brazil comes in at number four, $250.5 billion. and then number five on the list, new to the list, the top five list, the caribbean banking centers. now own $240.4 billion of u.s. debt. by the way, caribbean banking centers are the bahamas, bermuda, cayman islands, netherlands and panama. this is who owns us. this is who owns our debt. and this is why on this side of the aisle, what we continue to say is the spending has to be dealt with. we have seen -- we've heard from everybody. we are hearing from economists all around the globe. and they repeatedly say what we are saying, what we've been saying for ye
on "varney & company," apple says it sold a record 2 million 3 c1 iphone 5's this weekend in china. still, one citigroup analyst down grades the stock and says it's got a much lower price target. there are also rumblings about orders for its products this christmas. all right, so, nicole, did we break below 500 bucks this morning? >> we did. we broke down on apple shares below $500 for the first time since february. but in that same breath, i can talk about the fact that their iphone sales over in china broke records on the rollout. stuart: okay, but right now, i'm seeing it expected to open around $510 a share. >> right. stuart: but i did see it pre-market at 499. just for a brief spell so we broke below very briefly and now we've broken back up again. >> and you have that citigroup downgrade which just piles on to the other analysts who have lowered their expectations on apple. stuart: and there's a switch. all right. john boehner bends and makes the president an offer and it includes higher tax rates on the rich. boehner's proposal, higher rates on incomes over a million dollars a year
, the rights of disabled americans including veterans who may travel the country such as china or russia or mali or any other country that may choose to adopt this treaty. if the senate desires to protect rights of disabled americans who travel abroad, the senate would do better to encourage other nations to model their own reforms, their own internal legal structures after the americans with disabilities act, which 20 years after its passage still send a message that disabled americans will always have fair access to housing, employment and education in this nation. i've mentioned a few things to treaty does not do. i like to few things to treaty does do that cause me some concern. article xxxiv establishes a committee with the rights of persons with disabilities. this committee will establish its own rules of procedure and parties to the treaty are required to submit reports every four years. in general, u.n. human rights treaty committees have made demands the state parties that fall well outside of the legal, social, economic and cultural traditions and norms of state parties. someti
on upbeat economic data out of china. postal workers are bracing for the busiest day of the year today. the post office expects to deliver a record-breaking 365 million packages, cards and letters this holiday season. and gas price plunge: the national average for a gallon of unleaded gasoline dropped 9 cents from last week to $3.28 cents. that is the sound of a new trading week ringing in. daniel stecich of tjm institional joins us on this monday morning. good morning to you. > > good morning. good to be here. > the stock market is beginning to feel like we are stuck daniel. is that true? > > i don't think we are necessarily stuck. we're just a little bit nervous. two things in play here right now: you have the holiday trades starting to come in, so volume starts taming down a bit, and also we still have fiscal cliff issues to deal with. but if you look at the underlying markets, there is a lot to trade off of. there are a lot of economic figures that we need to look at that, because of the fiscal cliff, we may not have paid too much attention to. > then my next question to you is, is
was the source of the of raw material for his silk works? >> it was raw silk from china. it was rob. it came from china and ultimately he would trade and imports from japan. raw silk is like he imported and converted into thread and that was turned into fabric. >> what does it look like? >> here is a silkworm cocoon. the moth is still inside. the manufacturing of silk is very complicated and the extraordinary process. this one a cocoon is wound was one strand of silk half a mile long but it is so fine it is barely perceptible and nowhere near enough shape to be used as the red. in a nutshell, fink of a pyramid and silk cocoons at the bottom the filaments are wound together into a layer and then another layer until you have one thread made of various silk filaments. it is silk that has been unwound from the cocoon and joined together part way up the pyramid that arrives in states in bundles they were called books. >> did they ship textile as well? >> yes. he began to manufacture silk threadfin in holyoke he would weave the thread into fabrics that enabled him to succeed because when he rebuilt the
said. his point was that the transformation of the world economy lifts four people in china and india out of poverty and into the middle class, and meanwhile one american drops out of the middle class, that's not such a bad trade, right? like four to one. i spoke to a cfo of a u.s. technology company, and this was like a really, a person who was really sort of charming and lovely life story. he was taiwanese-born, his parents were immigrants, and his parents told him and his brother when they immigrated that they were temporarily poor. i love that, you know, imagine that. we're going to be temporarily poor. and sure enough, he and his brother just like complete rock stars, both of them went to stuyvesant in new york. they were such avid members of the math club that now they fund it. one brother is -- yeah, exactly. one is in silicon valley, the other is derivatives on wall street. this brother, the cfo, his parents were really angry at him because he dropped out of a ph.d. program at stanford having gone to harvard to start becoming a plutocrat. so very hard working guy, very smart,
some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number two. cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, about spe
that that causes, particularly in an era where rising demand for petroleum in china and india and elsewhere is creating potential conflict for these resources, then you have to recognize that transportation has to be diversified away from petroleum where the prices are set on the world market. canada and norway have been net petroleum exporters, but they pay in those countries the same market price for a gallon of gasoline as we do. so you must diversify, and that includes electrification of short-haul transportation, light-duty trucks and vehicles, and the adoption of natural gas either in its lick if i quide or compressed forms for heavy-duty vehicles and over the road vehicles. but taken as a whole if the recommendations of the eslc are adopted, the united states has the potential to reduce our dependence on imported petroleum and thereby reduce our national security risk to improve our balance of payments and about half of our balance of payments deficit remains petroleum, and to increase our g.d.p. by the maximization of these activities in the united states rather than exporting our d
to pyongyang. press articles hail the fact that china in anticipation of the recent launch had begun inspecting cargo on north korean ships in search of contraband. the question this raises is why has chi gnat not been inspecting north korean ships since 2006 as called for in a u.n. resolution, reinforced by another resolution in 2009. if u.n. member states would only enforce the sanctions currently on the books, north korea would be unable to ignore the swer national community and the civilized world. the time for coordinated international action is now. the time, in fact, is long overdue. with that, mr. speakering i reserve the balance of our time. the speaker pro tempore: the squom from florida reserves. the gentleman from california, mr. berman is recognized. mr. berman: thank you, mr. speaker. i rise in strong support of h.con.res. 145 as amended and yield myself such time as i may consume. sproy the gentleman is recognized. mr. berman: i would like to thank the sponsor of this legislation, ms. ros-lehtinen, for her leadership on this issue and her work in addressing the north korean threa
and china the biggest polluters, china is building more coal plants. how do we get them to see this issue the way we do. there is a legitimate point being made by the other side. we don't matter if the chinese continue to spew co2 in the atmosphere. how do you confront that issue. >> as you know, the chinese and other developing countries say hey, you're the rich countries you got rich polluting and you're not even willing to reduce your own emissions. now you want to stop us from doing this, and you won't help us with clean energy technologies. the answer is we need leadership. if the united states could meet its commitment that obama made, then we could go at international negotiations, and develop an agreement. i think the chinese understand that ultimately building all these coal plants is going to hurt them more than us because they've got more people. they've got a lot of people along the coast lines. they have a lot of people living in very dry arid conditions that will just get drier. they have a lot of mouths to feed and they're drawing down their aquifers. i think if the u.s. w
economically, china being the biggest case of this, turning out millions of engineers, scientists, jumping up in productive and technology and they made some interesting calculations of course, the numbers are, you know, a little bit subject to question, but they're trying to add up the factors that create global power, whether it's the size of the economy, or the amount of research and development countries are doing, or the level of education of the population or the military. so basically we see that the u.s. that was so dominant 40 years ago, we know that our dominance has been going down relative to other countries is basically going to become one of a few superpowers, but not only the superpower. >> so other countries are catching up. how does that have to do with what we all talk about as the decline we see happening here and how real is it? >> i think what this report rightly stresses is that there are a number of things going on. one is that others are catching up. and the other is that we have got many problems that we're not attending to. >> what is for real? >> one thing that's fo
that was doing fabulously in china and making up for all sorts of north american weakness. that had been the theme for a couple of years. now it's just the opposite. people are concerned about the inventory building in china putting a lid on the stock. now, i am looking for a lid to be blown off by a turn in china eventual l. maybe not this quarter. while the u.s., i think, is strong because of foot locker, but some analyst came out today and said u.s. is even weak. remember, nike trades on futures orders, not on earnings. so if you're dumb enough to want to trade in after hours, be aware, you might be trading on the wrong number. friday. these are big brand names. what a big week next week. friday we get results from walgreen's. i feel badly for wag. we just heard from cvs yesterday which boosted its numbers. that's a tough comparison to go against. i don't know how walgreen's can keep up. i will say this, though, the drug stores have been in secular share take mode from other stores, which is one reason why cvs was able to deliver such a strong number p. and i think walgreen's will sho
also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in the united states where we cannot, but there is a very strong part of this report that says it has to be done safely and we know how to do it safely. that is one contribution of those of us who have served in the armed forces, we do a lot of dangerous stuff in the armed forces, fuel, nuclear power, explosives. the way we do that safely is a high standards, rigid enforcement, and very professional inspectors to do it. we strongly recommend applying this model to regulatory body so that we can do this safely, so that we can do oil retractions safely. that we can do safely. the general and i live in penns
.n. security council. it's likely china will try to water down those provisions but it's also certain that the provisions will pass. >> you don't think china will try to veto it? >> i don't think they will veto it. they don't want north korea doing this. >> china is the only ally that they really have. i wonder, do you think it's possible they didn't inform china in advance of the timing of this launch? >> it's possible they did not. people now suspect that the information that we had that north korea was moving its rocket, something was wrong with it, was it an intentional deceptive move? they thought there would be attempts to shoot it down. they wanted to fool japan. they succeeded. >> and it certainly does strengthen the new young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has b
aquarium bursts at a mall in china, mixing sharks with helpless shoppers. sounds like a place i was at over the weekend. we'll bring you that story and get an update wointer weather. "way too early" comes right back. >> these images were taken just moments before the attack that killed the 54-year-old former prime minister. she was gunned down minutes after appearing at a political rally in rawalpindi. the shooting was followed by a suicide bomb blast. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. ♪ >>> there is downtown -- where are we there? let me see. let me take a guess. >> detroit. >> no, it's not detroit. it's new york city! that's where it is, right where we are. dylan, you've been busy. let's get a check right now on the weather f
in medical equipment to russia in 2011, but we face strong competition from china, which increased its share of the russian market in each of the last ten years. mr. president, we don't shy away from strong competition, but we want that competition to be able to be played out on an even playing field. and as long as we don't have normal permanent trade relations with russia, we're disadvantaging ourselves. it simply doesn't make sense. russia has agreed he, since joining the w.t.o., russia agreed to reduce average tariffs on medical equipment to 4.3% and to cut its top tariffs from 15% down to 7%. as it stands now, that is a benefit that china will get, and we will not. it simply doesn't make sense to anybody. to grant russia pntr status requires us to repeal the 1974 jackson-vanik amendment. a lot of our staff members, i hasten to say, were not even born back when jackson-vanik was put in place. and many of our colleagues and a lot of our staff have studied the soviet union but have never really experienced that period of time, and what we're living with is a complete and total relic of a b
is unacceptable. the people's republic of china, which is not exactly a beacon of hope for those looking for religious liberty. we all know the situation in tibet which is not just a religious issue, it's an ethnic issue, a cultural issue. we see the self-emolation of folks willing to burn alive because it's so intolerable what they're going through and the effort of that government to wipe out their identity. but it goes much deeper than that. proselytizing governments, nonpatriotic catholics. understand that the chinese government authorizes the catholic church, who the leadership of that church can be. truly unique in all the world you have a government that tells you who your bishops are, who tells you who gets to run your church. if you worship outside of that setting, you're persecuted. there are others, the tibetan beautists i mentioned before but -- buddhists that i talked before. but it's not just religious believers who are facing persecution in china. this is from the report, the chinese government continues to harass, detain, intimidate, disbar and forcibly disappear, forcibl
? >> yes. the source for his mill was raw silk that came from china. >> in thread form? >> no, it was raw silk. so, and it came from china, and ultimately he began to also trade with japan and import from japan. the raw silk was what he imported, and then he converted it into thread and then wove that into fabric. >> what does raw silk look like? >> well, here is a silkworm cocoon. and you can come up afterwards and shake it, the moth is still inside of it. and the manufacturing of silk is a very complicated and extraordinary process. and this one can cocoon is wound with one strand of silk that is about a half a mile long. but it's so fine as to be barely perceptible and is nowhere near in any shape to be used as thread. so what happens is, in a nutshell, if you think of a pyramid and you think of a whole bunch of zell cocoons at the bottom, various cosoons, the fill laments, are wound together in another layer, and those are wound together, and ultimately you get to one, you have one thread that is made of various silk fill filaments. so the raw silk has been unwound from the cocoon and
years. it is because of the free trade with china that is killing us. we are going to go bankrupt because of that. we need to put tariffs on china and bring jobs back to the country. host: are these things you think congress can tackle until the next couple of weeks before we hit the deadline? i think we lost brian and there. a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some reve
. the list of such changes as long, but its starts in asia with the rise of china and india . economic, political and military powers. the obama administration has conspicuously an ounce to pick it to asia. at the center of this pivot is china which exists says both an adversary to a surge in u.s. interest and a fellow traveller sharing mutual goals and vulnerabilities on others. the ongoing challenge will be for the united states to discern sometimes issue by issue whether china is adversary or par. this calibration will impact america's relations with the rest of asia and may ultimately determine prospects for war or peace in this world. while visiting indonesia thailand and the philippines in october i was reminded of the economic vitality of southeast asia and the fact that the ten countries comprising represent the fourth largest export market of the united states. these countries are center stage for the circumstances with china . we must stand firm with our friends throughout asia and actively pursue prospects for
to bangladesh. they used to produce a lot in china. they've decide wages are too high in china. they moved toward bangladesh which has the world's lowest minimum wage for a country that does serious manufacturing about $37 a month. and walmart sears other countries look to bangladesh because they want to produce apparel at the very lowest cost and they're worried if they invest a lot more in, say in wages or fire safety, that might force them to pay $5 a shirt rather than $4 a shirt and they worry that will make them competitive. my sense is having to talk to experts is western companies import about $18 billion worth of apparel each year from bangladesh and it might cost a billion or $2 billion to get several thousand apparel factories in shape to prevent fires, to provide fire escapes to provide good, safe stairways for people to come down. and i think the thinking is that might raise the price of apparel by 2%, 3%, which wouldn't kill us if we have to pay 50 cents more for a $20 shirt. >> jennifer: that's the iss
to year. it is hard to estimate countries like china because they are now pricing things the same way. they have large land forces and they are not deployed across the world. submarines and missiles. china is probably number one on the list. host: this from twitter. guest: that refers to overseas contingency operations. this is a fund that paid for the wars in iraq. it is about $88 billion in that account. there is a pentagon and washington funny math. some people say if the project out, we will save all this money. i wrote a report about saving $1 trillion. most of our troops will be out of afghanistan by 2014. nobody expects it will spend this level of money going out the long term in the future. so the $1 trillion in savings is money we would not have spent anyway. there are some built-in drawdowns in the defense department. in.se were built an about $487 billion over 10 years. they are coming back down. about 100,000 or so and they are built into the system. the pentagon is looking at things that way. host: roger in texas, republican caller. go ahead. caller: i am amazed i got thr
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
pickpocket. >>> number four, big trouble in communist china. everybody thought one of the most powerful politicians in china party chief boojili was getting rid of crime and corruption till this summer when a court convicted his wife of murdering a british business man and the government accused him of trying to hinder the investigation as well as taking bribes and abusing his power. now he's been kicked out of the communist party. leaders voted to expel him in november number three, a service becomes not so secret. the role of protecting the president when he trabs abroad has moments of glamour and excitement. that included hookers for some is secret service agents and military personnel visiting cartagena in advance of the president's arrival last april. it won't have bothered colombian authorities since prostitution sgs legal there. local police only got involved because of a hotel altercation between a woman and a secret service agent over the payment. number two, it's been called the building that never sleeps but the bbc's london headquarters says it was completely unaware of the
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
? the chinese and russians don't help us on sanctions. they have been ineffective because china that dan. you know, when you look at it, everything that we have tried after the bush years has been a failure. now, during the bush years in the early part of that administration, it puts real financial squeeze on the regime. but then they drop it because they have this fantasy that if we can just sit down one more time with the north koreans, suddenly we will have a deal that will make all this go away. it is not how the world works. the north koreans are getting better each time out launching missiles and setting off nuclear explosions. >> on that note, how realistic do you think it is? and how soon do you think it would be that they would be able to i'm one of these long-range missiles with a nuclear warhead? >> that is the real question. this last missile test was real important because it showed that they were successful. they got it up into the atmosphere. it can go a long way to the united states. now, if they perfect nuclear explosions and start miniaturizing it, being able to put it on a
drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. >> i think companies might be okay with that -- [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called? it's called the gop. wait until you see these stats. it's like jay walking with jay leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. okay, now here's our holiday gift list. aww, not the mall. well, i'll do the shopping... if you do the shipping. shipping's a hassle. i'll go
the iphone 5 is selling. great sales in china. i think apple is poised to have a good finish to this year, really well-positioned for next year particularly getting toward the apple tv. i think apple tv will put apple back into everybody's cards. ashley: you still think it is a buy at this price? >> i think you'll have a lot more selling between here and the next couple of weeks because of the capital gains issue. other than that, apple is a great place to be. we are definitely holding. ashley: where do the market go? two scenarios. getting some sort of a deal done, is a market poised to move higher? >> on a fundamental basis a lot of sectors in the market that are very cheap. i think the market will go much higher. again, low volume which is a little bit tricky. ashley: which sectors in particular do you like. >> love energy, industrial, i think all those sectors are poised to do really well. 2013 will be a pivotal year, a lot of things will happen. if any one or two of them are good comi, close to the market r a strong year. ashley: also say the housing employment will improve ss credit
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
to china at the cost of the american jobs. ♪ lie, lie, lie ♪ ♪ you are a liar ♪ ♪ liar, liar pants on fire ♪ >> untrue statement of the entire year in politics. ♪ born born to liar ♪ ♪ born to be a liar ♪ >> stephanie: yay rocky mountain mike! [ applause ] >> stephanie: jacki schechner news woman extrordanaire. >> she's writing newscasts over here. >> stephanie: i don't care. >> i'm here. >> she needs time to make up the news. >> i'm picking up on the [ inaudible ]. >> stephanie: she is the one that decided to come in so i would bother her all morning, jacki. >> little delay in audio there. >> stephanie: yeah but this is a great piece. thomas mann and norman ornstein wrote a great piece -- [♪ "world news tonight" theme ♪] >> stephanie: how the main stream media bungled the biggest story of the campaign. >> they used words like miss information. or questionable. or -- >> stephanie: right. >> why don't you say lie? it's quicker, easier zippier, and it's true. >> stephanie: right. even polititfact that's when it has gotten really sad -- >> well, both sides do it.
to buy back american from china. america, it's probably very clear to you right now your shortest path to true democracy is due north. when you go into that polling station this year, don't just check the box for most charming millionaire. consider a country you truly deserve, canada, and together, we can make a new america, but better. thank you. [applause] >> thank you. [applause] >> thank you. >> awesome. >> handsome man. he's the average canadian. they did a computer photo thing and averaged all the canadians together, and this is the guy we got. >> there's hairy women in canada. >> i'll read a standard mortality table -- short section, section 3.2. this is about the citizens united decision. do i have to explain that to anybody? okay, good. stop putting politicians on layaway, and start buying them out right at the bed, bath, and beyond integrity. a quick fact before i introduce the chapter. before i get going, thank you, c-span for coming out and covering this. you guys are awesome. [applause] more programming like this, a little less council on foreign relations and bull shit. [
assad. >>> in china, the bigger they are, the harder they fall. an office building tumbled into a pile of rubble this week, marking the end for the high-rises workspace for a chinese airline. it took 9,000 detonators and explosives to bring down that concrete giant. >>> officials in newtown, connecticut, have a message for well-wishers in the wake of the december school shooting that claimed 26 lives, please stop sending gifts. they say they are overwhelmed with all the stuffed animals and toys. >>> meanwhile, newtown officials say they have a plan for the flowers and gifts left at roadside tributes. nbc connecticut reporter george coley has that story. >> reporter: if the outpouring of support for residents of newtown could be measured by makeshift memorials throughout the community, it is over flowing. john and his son from pennsylvania stopped to drop off flowers on the way to visiting family in massachusetts. >> we wanted to pay tribute to all of the children, the teachers who lost their lives, you know, in this great tragic event. >> reporter: now the town is making preparations f
day that the mass shooting occurred in the united states, a similar attack occurred in china. no one killed because the prep traitor could only find a knife to attack with. >> okay. professor david hemmingway, thank you for joining. >>> later, good news. one of msnbc's own safe and sound after a difficult ordeal in syria. >>> plus, there are fiscal cliff developments to tell you about. first, our special coverage of the sandy hook tragedy continues. next, the second big conversation out of this. our culture of violence. ♪ the weather outside is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription w
now for five things to know on wednesday morning. china opens the world's longest high speed rail line today. trains at high speed lines have initially 86 miles an hour with a total travel time of 800 miles an hour. the fastest time on record was 200 miles an hour. >>> the rush is on after a disappointing holiday shopping season. retailers are hoping to entice shoppers with after christmas day sales. this is typically one of the busiest shopping days of the year. >>> today is the first celebration of the kwanzaa celebration. it was started by the chairman of the black steud at cal state university's long beach. the holiday ends on january 1st. >>> the day after christmas and persuasive -- and places like the canada and the united kingdom it's boxing day. traditionally this is the day that service workers would receive gifts from their employers. in the 1980s the holiday turned into a shopping day that resembled black friday in the united states. >>> president barack obama had a pretty good 2012. he won reelection and then saw his signature healthcare law upheld in the u.s. supreme cou
be limited to a couple of degrees. majority of the increase comes from china and carbon the oxide pollution. the nine states in germany are the only two countries to reduce their carbon dioxide pollution. that amounts to two, 4 million lbs. of carbon dioxide released into the air every single second. >> if you have found yourself using social media in the bathroom. you are not the only one. a new report out today shows that one- third of the heaviest social media users ages 18-24 ssi such as facebook and twitter in the back up. ages 35-34 our bathroom--35-44 both sexes are likely to use social networks and beckham. social in the back on. >> we will see how bad is that the morning commute goes on. taking a double live look outside from our roof camera on the left and our bay bridge cam on the right. we're looking at filing some dry conditions as you make your way on the road. how long will the dry weather last. it may not be much longer. let us get the fed is on your forecast. >> we are looking had an increase in a cloud cover to day. head of another storm system to stay until wednesday. and
more cooperatively to counter china. so certainly senator kerry, if he becomes the next secretary of state have a full plate. >> what was he like in terms of his personality? i covered him in 2004 when he was running for president in george w. bush and he was not really able to relate or identify to everyday folks, but he has quite a reputation overseas and abroad. overseas and abroad he has a reputation for knowing issue and he has relationships with a lot of world leaders and it was senator john kerry who convinced afghan president hamid karzai to go for a runoff election when the presidential elections were in question and i think he's going to be able to relate to leaders suft as secretary clinton did as a politician when these leaders are having problems compromising to say, listen, i'm in your seat. i know where you've been and run for office before and i think that will serve him well. here in washington, he is seen as someone who is very confident and on top of his brief and also someone who likes to control issues, and such as the middle east. he's someone who drills down
taken offline. >>> video from shanghai china shows a giant shark tank at a shopping mall -- wow -- suddenly shatters spectators swept away as the water spills out. 16 people were hurt there, some were cut by the flying glass. three sharks were killed in the incident. it's believed that glass fell apart because it was too old. >> yikes. >> unbelievable. >> they're going to have to go back and get a new hot pretzel. >> how do you get sharks in a mall? okay. >> i can't answer that question. i hope someone can. >> get into >>> the widow of slain army ranger pat tillman is speaking out in a rare interview. marie tillman tells jeff glor about the private side of her late husband that we never knew and her surprising second chance at love. you're watching "cbs this morning." love. you're watching "cbs this morning." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ br
at an air base. >> china has the fastest train in the world, it will travel nearly 200 miles per hour. >> he was stolen from a street in new york city and now thanks to good samaritans the dog is back home. >> whoa! >>> there goes santa! look at that. >> this sad, an alabama fan, a hat, and tickets to the bcs title game. >> we're going to the game! ♪ >>> welcome to cbs this morning. we begin with this powerful storm system that caused a string of tornadoes that damaged buildings and knocked out hour in places like louisiana, mississippi, and alabama. it dropped heavy snow in parts of texas, oklahoma, and arkansas. >> it's blamed for three deaths and we'll check the forecast but we begin in hard hit mobile alabama where blake brown of our cbs affiliate is watching the tornado damage blake, good morning. >>> good morning this is the scene here in mobile, we have big trees down powerlines down, roof damage and it is just hours after the storm ripped through the city. >> volatile conditions as tornadoes toucheddown around mobile. >> i was screams and hollaring, and i
. and the new regime is in china andpeople from three of the bigt operators. and the new regime is in china and stabbing of the regulation. tracy: it is like a vegas down there. all eyes are on the internet music service pandora whichh reports third quarter earnings after the bell today. dennis kneale tunes in now. law that. what is going on? dennis: wall street looking for torrid growth in sales when pandora reports today. profits not so much. wall street chief, pandora sailing at 6% according to $117 million. that is the good news but net income expected to drop 40% to $2 million. earnings per share could fall even more down 50%. the expectations are. pandora stock tumbled 4% last time i checked. maybe there's an upside surprise up 5% but stock down 50% since going public at $20 a share in june of last year and particularly wild ride. it is 12% after reporting upside results last quarter. what is the problem? some big guns may take aim at pandora's market. pandora and microsoft but also there is this. pandora pays a princely sum for music rights, performance fees and has a lot more than t
military in china. this was signed off on by the defense secretary, leon panetta who used to be a cia chief and by general david petraeus who stepped down as cia chief after an extramarital affair was exposed last month, as for funding, the pentagon gave the dcs about 100 million dollars just to get the program started, but their overall budget is not expected to grow. in fact, the overall budget, the dia overall budget might decrease since just about every part of the government is looking to cut back right now and the money from the dcs and the personnel are just essentially going to be converted from the existing defense intelligence agency over to the defense clandestine service. >> that's what we need. an expansion of the government. >> thank you so much, peter. >> thanks, peter. >> all right, let's get your headlines now, and show you what's happening around the world. thousands of egyptians took to the streets, showing support for their president. all right, this is the scene in cairo as egyptians rally behind president morsi. on december 15th there will be a vote on a new constituti
the treaty including china and russia. the treaty is modelled after existing u.s. law. former senator bob dole is 89 years old. he just got out of the hospital yesterday. and today he came to the senate floor in a wheelchair to support the treaty. eight republicans and two independents voted for the treaty including john mccain. but it wasn't enough. the treaty failed 61-38. >> it was solid then. he means it. and i think the organizing around it is so important. the labor movement, consumer groups, women's groups. >> i'm joined by a columnist for the nation magazine and howard fineman, msnbc political analyst. great to have you with us. howard, you first. when bob dole comes to the senate and he can't move people, where is the common sense? >> the senate is lost. that's the way i would put it. bob dole, one of the most revered figures. he's almost literally on his death bed a week or two ago. who summoned the courage to come to the senate to be the conscious on something he championed in 1990. this was senator bob dole, a republican. president george h. bush, republican. dick thorneberg,
to america at 14, 15, $16 an hour. we don't celebrate that. i'm glad they're here instead of china, but heck. if we had an economy that would support $30-an-hour jobs, i'd be for that. better than a ceo. you know, destroying a company and then getting a $200 million payout. but that said, what is wrong with a state allowing an american to work where he or she wants to work without having to be compelled to pay union dues? >> well, this state, michigan, was such a part of the core of unionism in this country, the foundation of the united automobile workers which at one point had over 1 million workers in its enrollment is now down to roughly maybe 350,000 workers. the united automobile workers, everybody can own a car in america. the history of unionism has been inextricably linked to the growth of the middle class, as you know, over the last 60 years of american history. the right-to-work legislation that has passed now in 24 states, i don't think you can dem demonstrably prove that it leads to higher wages, that it leads to marginally -- >> but what's wrong with giving people the freedom to
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